Investor Corner
Corporate Governance
Philosophy
Corporate Governance is about commitment of values and about ethical business conduct. It is about how an organization is managed. Our corporate governance philosophy stems from the belief that business strategy and plans should be consistent with the welfare of all stakeholders and should be in line with the national economic policies of the Government of India. The Company has always focused on good corporate governance and believes that corporate governance is not just limited to creating checks and balances; it is more about creating organization excellence leading to increasing employee and customer satisfaction and shareholder value.
Board of Directors
The Company has in all eight directors with considerable professional experience in divergent areas connected with corporate functioning. None of the directors on the Board is a member of more than 10 Committees or Chairman of more than five Committees across all the companies in which he is a Director.
Committees of the Board
Audit Committee
The Audit Committee of the company is constituted in line with the provisions of Clause 49 of the Listing Agreement with the Stock Exchange read with Section 292A of the Companies Act, 1956. The purpose of the Audit Committee is to assist the Board of Directors (“the Board”) in reviewing the financial information which will be provided to the shareholders and others, reviewing the systems of internal controls established in the Company, appointing, retaining and reviewing the performance of independent accountants/ internal auditors and overseeing the Company’s accounting and financial reporting processes and the audit of the Company’s financial statements.
Investors’ Grievance Committee
The Investors’ Grievance Committee oversees the redressal of complaints of investors such as transfer or credit of shares to demat accounts, non-receipt of dividend/ annual reports, approval of physical shares, etc. The Committee also keeps a close watch on all complaints/ grievances of shareholders.